'Inflation is going to be a problem that is going to be a game changer.' In fact, the picture painted by oil producer group OPEC earlier this week suggests strong demand well into the future. 'Right now, if you're a business and you want to hire unskilled labor in the United States, the price seems to go up about 10% every six months,' he said. 'Too many people with too much money chasing too few goods,' he said. It comes as inflation is set to be a stickier problem than anticipated, according to Smead. That's an increase of between 100% and $170% from Tuesday's Brent crude price of around $74 per barrel. Smead told CNBC's 'Street Signs Asia' on Tuesday that he sees crude prices rising to between $150 to $200 a barrel over the next three to five years. Personal Loans for 670 Credit Score or Lowerīill Smead, chief investment officer at Smead Capital Management, has a bold market prediction: that oil prices could soar more than 100% in the next few years. Personal Loans for 580 Credit Score or Lower
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